Ohio’s business climate was the most improved in the nation last year – that’s the consensus of 736 CEOs from around the country who participated in Chief Executive Magazine’s 9th annual Best & Worst States Survey earlier this year.
We’re pleased that our success is catching the attention of CEOs. They recognize that Ohio has emerged as one of the top job creators in the nation over the past two years with companies committing to invest more than $13 billion. Since January 2011, Ohio businesses have created more than 160,000 new private-sector jobs. And we’re just getting started.
Strong Financial Position
Keep More Revenue
Governor John Kasich is focused on fiscal responsibility and a common sense regulatory approach. Now operating with
a budget surplus, his policies helped Ohio receive an upgraded credit outlook in 2012 while other states were cut.
Competitive Tax Structure
- No corporate profits tax and no inventory tax
- No tangible personal property tax
- No tax on gross receipts under $1 million
- No tax on machinery and equipment investments
And the state’s Commercial Activity Tax is a low .26 percent on gross receipts exceeding $1 million.
Strategic Location and Robust Logistics
Move Parts and Products Faster
Ohio is nationally recognized as a central business location that delivers easy access to customers and supply chains. The state is within 600 miles of 60 percent of all U.S. and Canadian manufacturing. Its world-class transportation infrastructure enables Ohio companies to move goods, supplies and resources cost effectively by road, rail, water and air.
“To provide faster and more effective delivery of officially licensed sports merchandise to our customers, we chose Ohio as our new hub. Ohio brings forward a highly skilled and dedicated workforce along with a pro-growth business environment. We are excited about the opportunity to expand our business into Ohio.”
– Brent Trager, COO of Fanatics, a leading online retailer of sports merchandise
Diverse Industry Base
Large Productive Workforce
Ohio’s $509 billion gross state product ranks it 7th in the U.S. and 27 Fortune 500 companies call Ohio home. A strength
of the state’s economy is its wide range of well-established, growing industries, including: advanced manufacturing,
aerospace & aviation, agribusiness & food processing, automotive, biohealth, energy, financial services, information technology services, and polymers & chemicals.
Ohio offers an extensive workforce and one of the nation’s largest networks of universities and community/technical colleges in the U.S. on a per capita basis. To ensure the state’s more than 200 institutions of higher learning meet the needs of business, Gov. Kasich created the Office of Workforce Transformation that is aligning the supply of talent to forecasted demand.
Upstream, Midstream and Downstream Opportunities
As a central location in shale energy exploration, Ohio’s Utica shale presents substantial opportunities for investments by producers in the energy, polymer, and chemical industries. In the last two years, billions have been invested in Ohio’s Utica shale to access the state’s low-cost and reliable supply of natural gas and natural gas liquids. With Ohio’s status as a global leader in the polymer industry and robust specialty chemical industry, the state is poised for continued growth.
Workforce & Education
Find the Talent You Need
With a labor market of nearly 6 million Ohioans, including more than 600,000 manufacturing employees, Ohio has the dedicated and experienced workforce that companies need for both short- and long-term success.
Ohio’s robust education system offers some of the leading engineering, logistics and biohealth, among others, programs in the country. Governor Kasich leads the collaboration between industry and academia, ensuring that workforce needs match educational offerings at Ohio colleges and universities.
Livable, Affordable Cities
Large or Small, You'll Like It Here
We’re one of the only states with three major cities (Columbus, Cleveland, and Cincinnati) and multiple micropolitan cities throughout the state. We offer low costs of living and a wealth of cultural, educational and recreational opportunities.
Your employees and leadership will experience better housing, shorter commutes, and easier access to all of life’s necessities: healthcare, education, culture and entertainment. It’s a significant advantage.